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The Fear & Greed Index has moved to the 'Fear' zone ahead of Powell's speech. Intuit, Hibbett, and three other stocks are to be watched. Ark Invest sold Nvidia shares worth nearly $1.9M. Bitcoin's future is speculated to reach a million dollars. Coinbase delisted six cryptocurrencies. Tech giants Ericsson and Huawei renewed their patent pact in the 5G era. Amazon is in early talks with Disney for ESPN streaming partnership. Tesla's Diner-Supercharger concept in LA gets green signal. Novo Nordisk's Ozempic may be propelled to greater heights by three new markets.

Portfolio Pulse from Akanksha Bakshi

August 25, 2023 | 12:08 pm

JNJ

Janssen, a subsidiary of Johnson & Johnson, has submitted a supplemental marketing application to the FDA for Rybrevant plus chemotherapy as a first-line treatment for locally advanced or metastatic EGFR Exon 20 insertion mutation-positive non-small cell lung cancer.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 12:08 pm

WBX

Wallbox, a provider of charging solutions for electric vehicles, plans to offer its Quasar 2 to Kia EV9 customers starting in the first half of 2024. The company's stock symbol is WBX.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 12:03 pm

MDT

Medtronic has received CE Mark approval for its Inceptiv closed-loop rechargeable spinal cord stimulator, a device designed to treat chronic pain.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 12:02 pm

NVO

Novo Nordisk has announced positive results from the phase 3 STEP HFpEF trial of once-weekly semaglutide 2.4 mg in adults with heart failure. The findings show a significant improvement in patient-reported symptoms and physical limitations of HFpEF. The treatment also led to a 13.3% reduction in body weight and increased walking distance. The ongoing STEP HFpEF-DM trial is expected to be completed in Q4 2023, and subject to positive outcomes, Novo Nordisk expects to file for approval of the Wegovy label update in the U.S. and EU in 1H of 2024.

Portfolio Pulse from Vandana Singh

August 25, 2023 | 12:00 pm

META

Meta Platforms, Inc (NASDAQ:META) has discontinued Messenger Lite, a stripped-back version of its messaging app primarily targeting users with low-end Android devices. The app will become completely inaccessible by September 18. Users are being redirected to the full Messenger or FB Lite. The company also plans to discontinue SMS support from next month. However, Meta is showing interest in enhancing user privacy, with plans to incorporate end-to-end encryption by default in Messenger by the end of 2023.

Portfolio Pulse from Anusuya Lahiri

August 25, 2023 | 11:51 am

TSLA

Tesla Inc (NASDAQ:TSLA) is launching a free train shuttle service for its Berlin Gigafactory workers and the general public starting September 4. The service will run 60 times a day from Monday to Friday, accommodating over 1,500 employees per shift. Tesla acquired the track from Deutsche Regionaleisenbahn Group in January 2022. The shuttle aims to make commuting easier and reduce traffic congestion.

Portfolio Pulse from Anan Ashraf

August 25, 2023 | 11:36 am

NVO

Novo Nordisk's CEO, Lars Fruergaard Jorgensen, announced plans to collaborate with European healthcare systems to improve access to its weight-loss drug, Wegovy, for less fortunate and more obese individuals. The company aims to seek reimbursement for patients with the highest BMI and those less fortunate from a socio-economic point of view. Wegovy leads to an average weight loss of around 15% when used alongside dietary and exercise changes.

Portfolio Pulse from Benzinga Neuro

August 25, 2023 | 11:24 am

DBTX

The FDA has granted Fast Track designation to Decibel Therapeutics' DB-OTO, the company's lead gene therapy product candidate for congenital hearing loss caused by mutations of the Otoferlin gene.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 11:07 am

AMZN

Amazon is using artificial intelligence (AI) to enhance the NFL viewing experience on its Prime Video platform. The company is introducing AI-driven tools that offer real-time insights into the game's strategies. Features include 'Defensive Alerts', 'Prime Targets', 'Fourth Down Territory', and 'Field Goal Target Zones'. All these features are part of Amazon's 'Prime Vision' stream, a data-rich secondary broadcast for analytical fans. Amazon will also integrate shopping elements into its inaugural Black Friday game.

Portfolio Pulse from Anusuya Lahiri

August 25, 2023 | 10:57 am